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Jan 2, 2013 7:00am EST
. an automatic, across-the-board cuts to the pentagon and other agencies, are only to be delayed for two months, setting up another from fiscal cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will pay an extra $2,200 in taxes. people makin
Jan 3, 2013 7:00am PST
u.s. government, spending cuts that could imperil thousands of pentagon jobs and a possible government shutdown. the only way to prevent all of this is cooperation between republicans in congress and the white house. but john boehner will likely find it even harder to compromise with president obama again. there are only so many times you can defy the majority of your own party. for now, boehner's position as speaker is secure, in part because nobody has stepped forward to challenge him. it may be just at this point that nobody else really wants that job. >> i'll bet. and, jon, you mentioned, this debt limit, getting at the end of february. the speaker under tremendous pressure, as you said. but the president said he's not going to negotiate with the speaker. he simply wants the debt limit extended. this is a huge clash. >> reporter: this is a collision course, george. i've never seen a situation where both sides are adamant that they will not compromise. house republicans say there is no way that they will raise that debt limit without getting cuts in exchange. and as you s
Search Results 0 to 4 of about 5 (some duplicates have been removed)